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Economic Outlook

The New Ultra-Wealthy Benchmark Is $50 Million

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Posted by Fred Dunkley

on Monday, 17 September 2018 08:32

franklins

Millionaires are pretty much just regular upper middle class folk these days. After all, when there are 16 million of them, they get lost in a sea of ordinariness. They aren’t ultra-wealthy at all. If you want ultra-wealthy, you have to have at least $50 million to make the grade. Better yet, bump it up to billionaire.... CLICK for complete article



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Economic Outlook

Zuckerberg Outlines Facebook's Plan To Combat 'Fake News'

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Posted by ZeroHedge

on Friday, 14 September 2018 08:30

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Facebook COO Sheryl Sandberg won praise for her testimony before Congress last week (though her confused responses to questions about hate speech on the company's platform aggravated SJWs). But sadly for Facebook shareholders, regulatory threats (not to mention AG Jeff Sessions' "openness" to investigating tech giants for consumer protection or antitrust violations) continues to weigh on the company's share price.... CLICK for complete article



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Economic Outlook

Stock Market Opens Flat But Bullish Signs Remain

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Posted by Paul Rejczak

on Thursday, 23 August 2018 11:15

schiff bubble

Wednesday's trading session was pretty uneventful as stocks fluctuated following Tuesday's advance. The S&P 500 index remains close to its Tuesday's new record high of 2.,873.23. But will it continue higher? Or is this a topping pattern before downward reversal? CLICK for complete article



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Economic Outlook

Cooperate Or Die: In Private Meeting, Top Facebook Exec Threatened News Outlets

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Posted by Jake Johnson

on Tuesday, 14 August 2018 11:08

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During a closed-door and off-the-record meeting last week, top Facebook executive Campbell Brown reportedly warned news publishers that refusal to cooperate with the tech behemoth's efforts to "revitalize journalism" will leave media outlets dying "like in a hospice." CLICK for complete article



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Economic Outlook

Advice from Jim Rickards: Look Past All the Happy Talk

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Posted by SchiffGold

on Friday, 10 August 2018 11:29

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As Jim Rickards put it in a recent column, there’s a lot of “happy talk” coming out of Washington D.C.

To hear Donald Trump tell it, we might be in the midst of the greatest US economy in history. When the Q2 GDP number came in at 4.1%, the president called it “an economic turnaround of historic proportions.” Of course, Trump isn’t alone in his optimistic hyperbole. Politicians and pundits all across the mainstream keep telling us everything is great. They see growth from horizon to horizon. Employment is booming. Americans are spending.

The problem with all the happy talk is that it doesn’t have much to do with reality. The Trump economy looks pretty much like the Obama economy.... CLICK for complete article



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Economic Outlook

VP Pence Unveils Trump's Space Force; Will Cost $8 Billion Over 5 Years

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Posted by ZeroHedge

on Thursday, 09 August 2018 11:21

spaceforce

Back in March, President Trump first introduced the idea of a US "space force", renewing a long-running debate that began almost 20 years ago whether the Pentagon’s space activities should be moved to a new command. 

Fast forward to today, when Vice President Mike Pence announced the first steps in the creation of a space force as a entirely new military branch.... CLICK for complete article

 



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Economic Outlook

Economic Growth Slows In The UK And EU

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Posted by Linas Jegelevicius

on Thursday, 09 August 2018 11:08

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Amid fears of escalating global trade wars, the European Union’s statistics agency Eurostat has registered a tangible slowdown in the first half of the year, with the quarterly GDP inching up a mere 0.4 percent in both the first and the second quarter--a clear drop from the bullish 0.6 to 0.7 percent quarterly growth seen last year.

Meanwhile, the Brexit-bound UK registered the slowest pace in its economy in more than five years.... CLICK for complete article



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